MTCH: INVERTED HEAD AND SHOULDERS PLAYMTCH has been in a very well defined range since November 2020. Support and resistance are clear.
Are we finally going to break above this range? We had several breakout in the past but the price always came back very quickly in the range.
One could initiate a long position if we break, with a stop below the line.
I see an inverted head and shoulders on the chart. The target move is on the chart.
Trade safe!
Rectanglebreak
TRV: RECTANGLE PATTERN BREAK WATCHRectangles can extend for a few weeks or many months, and provide great trade opportunities every time the stock touches the top or bottom of the rectangle, until it finally breaks to the upside or downside.
TRV has been trading in a range (146.75 / 162.77) since February, forming a rectangle pattern. Generally, the longer the pattern, the more significant the breakout .
I will watch for a break of 162.77 and enter a long trade only if we break this level.
First target at more or less 180.
Rectangle Pattern on H4! EURUSD 20-24 December 2021The FED announced that it will hike interest rates three times next year. The ECB has done the opposite saying that interest hikes are unlikely though it will monitor inflation closely. The bulls have been exhausted, it is time for the bears to push the rate lower.
ABT to break out?* Strong up trend
* Consolidating since beginning of 2021
* Strong earnings
* Lower than average volume
All signs point to it breaking out soon. Due to the lack in volume ABT may visit the $126 area before breaking out.
Trade idea:
* Wait for a break before entering
* Look for an entry around $126 for a discount
Target after breakout would be $151.65
Looking at its growth, ABT is a great long term hold that pays out dividends!
IR broke out of consolidation* Strong earnings quarter over quarter
* General up trending
* Trading at higher than average volume
* Potential to give +16% ROI
Trade Idea:
* If you're looking for a discount look for buying opportunities around $51.61
* This is trading at higher than average volume so there are chances that it may continue going up. If you're not so much of a discount person, getting in now would be ideal.
PPD to continue higher* Relatively young
* Steady up trend
* Strong earnings
* Breaking out of a 4 month consolidation
* Breaking out with higher than average volume
Trade Idea:
* This is a great time to buy PPD as it's still close to the broken resistance and its 10EMA
REXR to continue higher!* Strong earnings quarter over quarter
* Strong up trend since inception
* Consolidated for a month after a move higher
* Retested the broken level as support with higher volume than average
Trade Idea:
* This would be a great time to enter a trade
* Or if you're looking for a discount, you can look for buying opportunities around the $61.70 area
SBNY breaking out* Relatively stable earnings
* Strong up trend since November 2020
* Breaking out of a 5 month consolidation
* Breaking out with higher than average volume
Trade idea:
* $260.37 should hold as support so you can look for buying opportunities there
* Or if you're not looking for a discount, you can jump in now and ride the next leg higher.
Be sure to place some distance between you stop due to market volatility these days.